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Despite Crypto Downturn, Developers Continue Contributing to Web3 Communities
3.8.2022
Blockchain developers have maintained their contributions to Web3 communities despite the latest market downturn, with Ethereum (ETH) leading the way as the strongest and largest community, according to a recent report by VC investment firm Telstra Ventures.
Per the report, blockchains developers’...
CFTC Would Become Primary Crypto Regulator Under New Senate Committee Plan
3.8.2022
The Senate Agriculture Committee, which oversees the Commodity Futures Trading Commission (CFTC), introduced a bill Wednesday that would
Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies
3.8.2022
South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto investment and trading, authorities in Seoul claim cryptocurrencies have been...
What are crypto pump and dump groups? Are they legal?
3.8.2022
Self-organized teams that support crypto scams on Discord or Telegram are not illegal in the crypto market except in regulated exchanges
EU crypto community has two weeks to join conversation on crypto data
3.8.2022
The ESMA is looking for “crypto off-chain data,” or data from spot and derivatives trades at centralized exchanges or OTC crypto trading platforms
Match Group Puts Crypto, Metaverse Plans for Tinder on Hold
3.8.2022
Online dating giant Match Group is unhappy with one of its leading brands, Tinder, so it's putting its earlier plans to have the service adopt cryptocurrencies and venture into metaverse-based dating on hold. ...
Read More: Match Group Puts Crypto, Metaverse Plans for Tinder on Hold
South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry
3.8.2022
A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The professor also accused the senior central bank official of spreading...
Singapore High Court Grants Crypto Lender Vauld Temporary Protection From Creditors
3.8.2022
Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring,...
Robinhood Crypto Fined $30 Million by New York Regulator for ‘Significant Failures’ in Multiple Areas
3.8.2022
The New York State Department of Financial Services (DFS) has fined Robinhood Crypto $30 million for “significant failures in the areas of bank secrecy act/anti-money laundering (‘BSA/AML’) obligations and cybersecurity.” Robinhood Crypto Settles With the DFS The...
Gucci becomes first major brand to accept ApeCoin payments
3.8.2022
Gucci has ramped up its Web3 initiatives by allowing crypto nerds to purchase its products with ApeCoin in its stores, adding to a list of 12 other digital assets it accepts for payment
New York Attorney General Wants to Hear From Investors Deceived by Crypto Platforms
3.8.2022
New York Attorney General Letitia James has urged investors in her state who believe they have been deceived by a crypto platform to contact her office. “Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money,” she stressed. Letitia James...
Binance US Delists Crypto Token ‘out of an Abundance of Caution’ After SEC Says It’s a Security
3.8.2022
Binance’s U.S. platform is delisting crypto token amp after the Securities and Exchange Commission (SEC) declared it a security. Another crypto exchange, Coinbase, disagreed with the regulator, arguing that the token is not a security. Binance Delists AMP ‘out of an Abundance...
Bitpay Adds APE and EUROC Support — Luxury Retail Giant Gucci Accepts Apecoin Payments
2.8.2022
On August 2, the Atlanta-based crypto payment services provider Bitpay announced that it has expanded its crypto asset support with two different crypto assets. Bitpay revealed the company has integrated apecoin and euro coin into the firm’s platform and the luxury retailer and designer...
Brazilian Cop Charged with Duping 23 Fellow Officers in ‘Crypto Pyramid Scam’
2.8.2022
A military police officer in the Brazilian state of Goiás is being tried for allegedly scamming fellow officers with a cryptoasset-themed scheme.
The media outlet Globo reported that the officer, named as Francisco de Assis Jesus dos Santos Soares de Oliveira, stands accused of defrauding some...
Crypto miner Digihost plans to move rigs from New York to Alabama
2.8.2022
The mining firm said it aims to have a hashing capacity of 28 MW at the Alabama facility by the fourth quarter, and 55 MW by the second quarter of 2023
Here’s How $200M in Crypto Was Drained From Nomad Protocol, According to a Security Expert
2.8.2022
Halborn Chief Information Security Officer Steven Walbroehl joined CoinDesk TV’s “First Mover” to discuss how Nomad’s bridge lost $200 million in less than 24 hours
Crypto users spent $2.7B minting NFTs in first half of 2022: Report
2.8.2022
Over 1 million unique wallet addresses were involved in the minting process, signaling that nonfungible token market activity remained strong
Cross-Chain Bridge Nomad Loses $190 Million Making It 2022’s Third-Largest Crypto Heist
2.8.2022
On Monday, the cross-chain token bridge Nomad was attacked and hackers managed to siphon $190 million from the protocol, draining a great majority of the funds. The Nomad cross-chain bridge attack was the third-biggest crypto heist of 2022, and the ninth largest of all time. Nomad Cross-Chain...
Web3 Development Remains Strong Despite Crypto Downturn: Report
2.8.2022
Venture capital firm Telstra Ventures measured developer activity across the Ethereum, Solana and Bitcoin blockchains
Hedge fund billionaire Steve Cohen exits crypto startup Radkl amid bear market: Report
2.8.2022
The hedge fund manager was part of a $50-million funding round for NFT company Recur, and backed a $21-million round for crypto analytics firm Messari through Point72